PRESS DIGEST - New York Times business news - March 27

March 27 (Reuters) - The following were the top stories in
The New York Times business pages on Thursday. Reuters has not
verified these stories and does not vouch for their accuracy.

* A sweeping investigation into failed subprime lender New
Century Financial Corp NEWCQ.PK found that its accounting
firm, KPMG LLP [KPMG.UL], enabled its "improper and imprudent
practices."

* Lulled by good times, millions of Americans borrowed --
sometimes heavily -- against the roofs over their heads. Now
the bill is coming due. As the U.S. housing market spirals
downward, home equity loans, which turn home sweet home into
cash sweet cash, are becoming the next flash point in the
mortgage crisis.

* Minoru Mori, Japan's most prolific developer, will finish
the world's tallest building in May and plans to build or help
build 10 more huge complexes in downtown Tokyo.